THE IMPACT OF TRANSFERRING MILITARY CONFRONTATION TO ECONOMIC COOPERATION FOR ECONOMIC GROWTH - ASEAN PANEL ANALYSIS
Journal Title: Asian Economic and Financial Review - Year 2015, Vol 5, Issue 12
Abstract
The Association of Southeast Asian Nations (ASEAN) is one of the three major economic regions besides the North American Free Trade Area (NAFTA) and the European Union (EU). In addition to regional economic integration, the formation of ASEAN has the special characteristics of transferring force confrontation to economic cooperation. The impacts of defense spending on economic growth of six ASEAN countries are measured through panel data. Results show that reduction of defense spending significantly increases economic growth which means that the change from military opposition to economic cooperation in ASEAN member countries helps the economic development of these six countries.
Authors and Affiliations
Mon-Li Lin*| Associate Professor, Department of International Trade, Takming University of Science and Technology, Taiwan, R. O.C., Tze-Wei Fu| Associate Professor, Department of Financial Management, National Defense University, Taiwan, R. O.C., Fu-Sheng Yang| Army Captain of Taiwan (R.O.C)
Keywords
Related Articles
- EP ID EP2241
- DOI -
- Views 485
- Downloads 40
THE IMPACT OF ECONOMIC FREEDOM UPON ECONOMIC GROWTH: AN APPLICATION ON DIFFERENT INCOME GROUPS
The objective of the study is to investigate the relationship between economic growth and economic freedom for different income groups. Therefore, the data were collected from 94 different countries belonging to five dif...
ASIA’S RESERVE ACCUMULATION: PART OF A NEW PARADIGM
So far, various contributions have failed to explain Asia?s fat foreign currency reserve accumulation. In this paper, I analyze reserve holding decisions in a wider social, political, and economic context. Using Weber?s...
DETERMINING REAL EXCHANGE RATE FLUCTUATIONS IN THE OIL-BASED GCC ECONOMIES
This paper attempts to empirically determine the relationship between oil price fluctuations and movements in the dollar-pegged Gulf Cooperation Council (GCC) countries? exchange rates. Panel unit root tests are applied,...
INVESTIGATING FRAUDS IN GOVERMENT ACCOUNTING
The main purpose of creative accounting practices is to show financial indicators and tables of businesses different from and generally better than the originals. Although such deceptive practices are mostly performed by...
FIRM’S LIFE CYCLE AND OHLSON VALUATION MODEL: EVIDENCE FROM IRAN
Ohlson prediction and valuation models Ohlson (1995) are based on firm book value, accounting profit and the assumption of "randomized, balanced and stabilized abnormal earnings". On the other hand, the significance of r...